Computer Modelling Group (TSE:CMG) Upgraded by Ventum Financial to “Buy” Rating

Computer Modelling Group (TSE:CMG) was upgraded by Ventum Financial from a “neutral” rating to a “buy” rating in a report released on Thursday,BayStreet.CA reports.

A number of other research analysts have also recently weighed in on the company. CIBC lowered their price objective on Computer Modelling Group from C$7.50 to C$6.50 and set a “neutral” rating on the stock in a research report on Wednesday, October 29th. BMO Capital Markets lowered their price target on shares of Computer Modelling Group from C$7.00 to C$6.00 in a report on Wednesday. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$9.88.

Computer Modelling Group Stock Performance

Computer Modelling Group stock traded down C$0.07 during trading on Thursday, reaching C$5.02. The company had a trading volume of 222,664 shares, compared to its average volume of 212,005. The firm has a market capitalization of C$414.59 million, a price-to-earnings ratio of 19.31, a price-to-earnings-growth ratio of 1.97 and a beta of -0.21. The company has a current ratio of 1.27, a quick ratio of 2.25 and a debt-to-equity ratio of 47.62. The firm’s 50-day simple moving average is C$5.91 and its 200 day simple moving average is C$6.77. Computer Modelling Group has a 52 week low of C$4.80 and a 52 week high of C$11.57.

About Computer Modelling Group

Computer Modelling Group Ltd is a Canada-based provider of reservoir simulation software for the oil and gas industry. Its capabilities include integrated analysis and optimization, black oil and unconventional simulation, reservoir and production system modelling, post-processor visualization, compositional simulation, thermal processes simulation, and fluid property characterization.